Will This Acquisition Help in Oracle’s Race to the Cloud?

Oracle (NASDAQ:ORCL) looks like it may grow a little bigger in the future after it sealed a deal Monday morning that would enhance the software giant’s over-the-net services.

News out of Oracle has been relatively positive for the past few months. Back in November, the company was seen reaching for the cloud with its acquisition of Instantis — a move to help the company stay competitive with SAP (NYSE:SAP), which has also been targeting the cloud.

More recently, Oracle appeared to fare the fourth quarter better than competitor SAP. The Oracle saw a 17 percent increase in software revenue for the quarter, while Oracle fell below expectations with only a 12 percent rise in group revenue. However, SAP may have been weighted down by its $7.7 billion acquisition of web-based computing companies Ariba and SuccessFactors…